CA reporting on CR but account sold to another company

[acrylic51]

Call me dumb, stupid, or confused, but wondering how is it legal for a CA to still be reported on your CR if the debt is no longer in their possession and sold off to another agency.......

[llecs]

Are you certain it is sold? Some do outsource for the collections like calls and letters, but still own the debt.

[acrylic51]

The trade line on my CR reads Thinkcashfbd, and I had disputed the account, and it comes back from TU CRA that the debt is verfified, no changes, and it has First Bank of Delaware/Thinkcashfbd and in the remarks section states: purchased by another lender........

[llecs]

Is there a balance showing in the current balance field? Or is it at $0?

[acrylic51]

I've run into a similar situation this past weekend when I had called a CA about an old medical debt and pressed them for detailed information on the alledged account, and they stated that they no longer handle the account as of 8/1/2012 and the account had been sent back to the OC........I've called the OC and they have no record, and still wondering how the CA can report a debt they don't handle.......

[acrylic51]

Balance shows "0"

[llecs]

I think it's reporting correctly. First Bank of Delaware/Thinkcashfbd is the OC. First Bank of Delaware has/had a shady operation going with a number of accounts, CCs, loans, etc. They always report as "First Bank of Delaware" with the OC or division reported after that, or in this case "thinkcashfbd". If they sold the debt, they are allowed to report, but they have to report $0, which is what they are doing. A CA can also report if they wanted to.

For thinkcashfbd, send a GW to the address listed on your CR. You could ask for deletion if the loss of the age won't hurt.

[acrylic51]

The account is just a hair over 2 years.....Can see it doing much damage